LOCATION:
Located at the cross streets of Powell and Woodland in the heart of Vancouver BC. First time on the market in over 30 years. This property is located in the north end of Grandview -Woodland and adjacent to the Port, the Cedar cove sub area includes a mixture of multifamily residential and industrial uses. Job space in the industrial area plays a vital role in the City's Provincial and Federal economy and contributes to a variety of sectors.
AREA:
Land assembly of approximately 26,000 sq. ft. You do not need to wait to put together a land assembly, all lots are contiguous and allow an FSR of five (5) times lot area.
LEASE RATE:
Land is currently leased to Drake Auto Towing Generating an income of approximately $132,000.00 per year, Triple net. There is also a signage lease that generates approximately $24,000 per year.